NV5 Global, Inc. (NASDAQ:NVEE - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $17.67 and last traded at $17.96, with a volume of 44650 shares changing hands. The stock had previously closed at $18.12.
Wall Street Analysts Forecast Growth
NVEE has been the subject of several research analyst reports. Robert W. Baird decreased their target price on NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. StockNews.com upgraded NV5 Global from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th.
Check Out Our Latest Stock Report on NVEE
NV5 Global Stock Down 0.6 %
The stock has a market cap of $1.14 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 2.73 and a beta of 1.23. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average price is $18.80 and its 200 day moving average price is $21.58.
NV5 Global announced that its Board of Directors has authorized a stock buyback plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Insider Activity
In related news, VP Richard Tong sold 20,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now owns 45,584 shares in the company, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.40% of the company's stock.
Hedge Funds Weigh In On NV5 Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. QV Investors Inc. lifted its position in NV5 Global by 914.2% during the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock valued at $915,000 after acquiring an additional 43,790 shares during the period. Nordea Investment Management AB lifted its holdings in shares of NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock valued at $1,853,000 after purchasing an additional 73,944 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of NV5 Global by 292.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock worth $945,000 after purchasing an additional 37,384 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock worth $5,884,000 after buying an additional 2,483 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. increased its position in NV5 Global by 297.9% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider's stock valued at $1,334,000 after buying an additional 53,014 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.
NV5 Global Company Profile
(
Get Free Report)
NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.
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